Baker Hughes Expects Next Year's Global Upstream Spending To Be Similar To 2024 Levels
Portfolio Pulse from Benzinga Newsdesk
Baker Hughes anticipates that global upstream spending in the coming year will remain similar to the levels seen in 2024, as discussed in their conference call.
October 23, 2024 | 1:50 pm
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Baker Hughes expects global upstream spending to remain steady next year, similar to 2024 levels, indicating stable demand for its services.
Baker Hughes' projection of stable upstream spending suggests consistent demand for its services, which may lead to stable revenue streams. However, without growth in spending, significant stock price movement is unlikely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100